Cut tax and see wages grow

Original article by Simon Benson, Joe Kelly
The Australian – Page: 1 & 2 : 12-Feb-18

The Federal Government’s legislation for an across-the-board reduction in the company tax rate will be put before the Senate in the week beginning 12 February. BHP Billiton Andrew Mackenzie, Qantas CEO Alan Joyce and Woodside Petroleum’s chairman-elect Richard Goyder have urged the Senate crossbenchers to pass the bill, warning that failure to do so will reduce Australia’s international competitiveness and deter investment. They also argue that reducing the tax rate for all companies will encourage businesses to hire more staff and increase wages.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, QANTAS AIRWAYS LIMITED – ASX QAN, WOODSIDE PETROLEUM LIMITED – ASX WPL, WESFARMERS LIMITED – ASX WES, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIAN LABOR PARTY, NICK XENOPHON TEAM, ONE NATION PARTY, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AMERICAN AIRLINES INCORPORATED, FEDERAL EXPRESS CORPORATION, AT&T CORPORATION, AUSTRALIA. DEPT OF FINANCE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, RIO TINTO LIMITED – ASX RIO, VISY INDUSTRIES AUSTRALIA PTY LTD

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